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Siemens, GE Profiled in Switchgear Market 2024 Report - EATON, Mitsubishi Electric Systems, Schneider Electric, Toshiba, BHEL, Hitachi, Crompton Greaves, Powell Industries

11-14-2018 11:24 AM CET | Energy & Environment

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Siemens, GE Profiled in Switchgear Market 2024 Report - EATON,

MarketStudyReport.com Adds New Switchgear Market 2018 – 2024 research report providing information and data By Voltage, By Insulation, By Current, By Installation, By End Use, Industry Analysis, Regional Outlook, Application Development Potential, Trends, Competitive Market Share & Forecast spreading across 387 Pages with table and figures in it.

Growing demand for restoration of existing infrastructure along with robust deployment of modern distribution networks will positively influence the U.S. switchgear market share. Rising investments in the projects pertaining to railroad infrastructure supported by government-assisted peninsula grid project will propel the industry dynamics. The U.S. Federal Administration, in 2017, announced to allocate USD 100 million toward the development of rail networks in San Carlos within the Peninsula Corridor Project.

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Switchgear Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a 6% CAGR to 2024.

Switchgear Market will surpass USD 140 billion by 2024. Rising investments toward the infrastructure expansion across developing nations will enhance the industry growth. Increasing demand for advanced monitoring units and control distribution systems coupled with replacement and modernization of ageing power networks will further stimulate the business landscape. The Government of Serbia in collaboration with the Government of China entered into a strategic partnership to upgrade its existing electrical grid infrastructure.

China switchgear market is set to surpass USD 20 billion by 2024. Government initiatives pertaining to substitution of conventional energy sources with clean and sustainable energy resources will complement the industry landscape. The National Energy Administration, in 2017, announced to strengthen the sustainable power generation technologies across China with an expenditure worth USD 326.40 billion by 2020.

Paradigm shift toward energy conservation and strict environmental regulations will boost the growth of the global switchgear market. Rapid technological advancements in smart grid and growing focus toward energy efficient environment will further boost the product penetration. In 2017, Western European nations including France, UK, Germany, Sweden and Italy together, declared a cumulative funding worth USD 133.7 billion for the expansion of smart grid network.

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vacuum insulation accounted for over half of the global switchgear market share, attributable toward the rising demand for HVDC transmission & distribution networks across industrial sector. In comparison to its counterparts, the effective di-electric strength and high insulation along with fierce installation costs will further fuel the product trade. Toshiba estimated USD 30 million of investment toward the expansion of its transformers and switchgear manufacturing units in 2017 across India.

Eminent players in the switchgear market include ABB, Siemens, GE, EATON, Mitsubishi Electric Systems, Schneider Electric, Toshiba, BHEL, Hitachi, Crompton Greaves, Powell Industries, Hubbell power systems, Hyosung, Fuji Electric, Rittal, Larson & Toubro, Hyundai Ideal Electric, Iljin Electric and Ormazabal.

Table of Content:

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Switchgear Industry Insights

Chapter 4 Switchgear Market, By Voltage

Chapter 5 Switchgear Market, By Insulation

Chapter 6 Switchgear Market, By Installation

Chapter 7 Switchgear Market, By Current

Chapter 8 Switchgear Market, By Application

Chapter 9 Switchgear Market, By Region

Chapter 10 Company Profiles

For More Details On this Report: https://www.marketstudyreport.com/reports/switchgear-market/

Related Report:

Global High Voltage Switchgear Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

This report focuses on the High Voltage Switchgear in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

https://www.marketstudyreport.com/reports/global-high-voltage-switchgear-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023/?utm_source=RR-AN

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